SOLD
Sold on 12 Apr 2024 for $3,800,000

18 Centennial Circuit
Byron Bay NSW 2481

Bedrooms: -
Bathrooms: -
Car spaces: 18
Floor area: 704m2
Land area: 1598m2
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Property Details for 18 Centennial Cct, Byron Bay

Building Type
Commercial
Floor Size
704m2
Land Size
1598m2
Local Government
Byron
Lot/Plan
2/DP812667

Last Listing description (June 2023)

An ideal opportunity for the savvy investor, this single holding commercial property is a destination precinct and comprises of 13 tenancies in the fiercely held enclave of Byron Bay Arts & Industry Estate.

Comprehensively refurbished in 2020, this quality Freehold complex is zoned B7 and comes with ample on-site parking. Built and maintained to the highest standards, this property is rightfully considered one of the finest in the Byron Bay Arts & Industrial Estate and proven to be exceptionally popular with tenants.

The design features of each of the 13 tenancies includes small, attractive and versatile shopfront with plenty of windows, plus high, vaulted interior ceilings and mezzanines, all combined to create an abundance of natural light, the sense of space and a cross-flow of fresh air.

With air-conditioning in every tenancy, each of these attractive units provides an idyllic, contemporary commercial working space that appeals to a variety of quality commercial and showroom tenants.

The sleek, contemporary design of the complex, the superior finishes throughout the entire property, plus the surrounding landscaped, tropical gardens all combine to make 18 Centennial Circuit the premier address at the Byron Bay Arts & Industrial Estate.

Currently there is a carefully curated mix of tenants that feature a range of leading Byron Bay based brands including Masa Bakery, Bodhi Living, Alright Kids, Kali Yuga and Design Hunter.

The property is currently netting a strong average net rent of $400p/sqm plus GST. Additionally, 100% of all outgoings are paid for by the tenants, including land tax.

Notable Features
Freehold complex with 13 tenancies
5% net return
100% of outgoings paid by the tenants
Approx. 1600sqm site
Zoned B7
Fully refurbished in 2020
Units are bright fresh with great natural light, excellent air flow, air-conditioning ensuring a great working
environment
Ideal showrooms spaces, suitable for a variety of businesses
Ample onsite parking
Idyllic location, minutes from Byron Bay's beaches

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Property History for 18 Centennial Cct, Byron Bay, NSW 2481

A timeline of how this property has performed in the market
Last Sold
$3,800,000
12 Apr 2024
Listed for Rent
$300/w
02 Dec 2020
  • 12 Apr 2024
    Sold for $3,800,000
  • 30 Nov 2022
    Listed for Sale $5.2M
  • 29 Jan 2020
    Sold for $5,250,000
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About Byron Bay 2481

The size of Byron Bay is approximately 19.8 square kilometres. It has 13 parks covering nearly 25.3% of total area. The population of Byron Bay in 2011 was 4,958 people. By 2016 the population was 5,517 showing a population growth of 11.3% in the area during that time. The predominant age group in Byron Bay is 20-29 years. Households in Byron Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Byron Bay work in a professional occupation. In 2011, 53.8% of the homes in Byron Bay were owner-occupied compared with 57.3% in 2016.

Byron Bay has 6,012 properties. Over the last 5 years, Houses in Byron Bay have seen a 70.78% increase in median value, while Units have seen a 30.66% increase. As at 30 November 2024:

  • The median value for Houses in Byron Bay is $2,477,387 while the median value for Units is $1,193,051.
  • Houses have a median rent of $995 while Units have a median rent of $890.
There are currently 33 properties listed for sale, and 18 properties listed for rent in Byron bay on OnTheHouse. According to CoreLogic's data, 219 properties were sold in the past 12 months in Byron bay.

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